BEIJING (AFP) - A Chinese company has had its license suspended after it tried to make money by selling land on the moon.
The Beijing Lunar Village Aeronautics Science and Technology Co. managed to sell large swathes of pristine lunar property before being shut down, the state -owned Xinhua news agency reported on Monday.
The company, claiming to act on behalf of an entity referred to as the Lunar Embassy in China, charged 298 yuan (37 US dollars) for each acre (0.4 hectare) on the moon, according to the report.
Each lucky new owner of lunar soil was issued a "certificate" that ensured property ownership including rights to use the land and minerals up to three kilometers (1.9 miles) underground, Xinhua said.
Li Jie, CEO of Lunar Embassy, said that 34 clients bought 49 acres (20 hectares) of land on the moon in the first three days after his company became operational last month.
Here is some free legal advice... Don't purchase any portion of the moon from a chinese company.
Although no one currently owns the moon, you can bet that U.S. companies (Haliburton), not any Chinese company, will soon be profiting off of the moon, despite the fact that some lesser countries consider the moon The Province Of Mankind, or The Common Heritage of Mankind, under: the (1967) Treaty on the Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and Other Celestial Bodies (commonly known as the Outer Space Treaty); and the (1979) Agreement Governing the Activities of States on the Moon and Other Celestial Bodies (the Moon Treaty).
Don't worry, International Law is totally voluntary, the U.S. didn't sign the Moon Treaty, and the Space Treaty doesn't prohibit private companies from profiting off of the moon.
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